Aegis may shut more centres across country

BENGALURU: Business process outsourcing company AegisNSE 1.90 % may shut down more centres across the country as it aims to scale back domestic business, even as the government stepped in to save its Srinagar unit from closure, a source with direct knowledge of the matter told ET. Last week, the government offered to pay three months’ salary for 70 employees and become an anchor client at its Srinagar centre after the company said it would be shut down.

The planned closure of its centre in Kashmir is, however, part of a larger move to cut costs and boost profitability, the source said.